WINDHOEK, Feb. 20 (Xinhua) -- Namibia's government will continue to provide the policy, veterinary and regulatory support needed to secure the recovery of the red meat industry, Minister of Agriculture, Fisheries, Water and Land Reform Inge Zaamwani said on Friday.
The minister signaled a cautious optimism for the nation's red meat industry, citing measurable progress in the financial stability and governance of the ministry's strategic export partner, the Meat Corporation of Namibia (Meatco).
Meatco recently reported a profit of 106 million Namibian dollars (about 6.5 million U.S. dollars) for the year ended Jan. 31, 2025, following five consecutive years of losses from 2020 to 2024.
Speaking at Meatco's annual general meeting on Friday, Zaamwani described the entity as a symbol of Namibia's credibility as a global exporter of premium beef.
"Meatco's increasing financial stability is not merely a corporate turnaround; it is a matter of national interest," she said.
Despite the positive trends, the government warned that the process is not yet over.
"True sustainability will require continued growth, stronger producer alignment, deeper market diversification, sharper cost discipline, and greater cohesion across the value chain," Zaamwani added.
Meanwhile, she emphasized the ongoing threat of foot-and-mouth disease, describing it as a national responsibility rather than merely a government fight.
According to the minister, the ministry has intensified border surveillance and maintained vaccination schedules in high-risk zones.
Recognizing the immense pressure faced by both commercial and communal farmers, including climate shocks, rising costs, and market volatility, the minister reaffirmed the government's commitment to expanding market access and enhancing animal health systems. ■